A local or regional bank would have an appetite depending on your personal credit, financials, and property financials.

The appetite for loaning on small residential rehab projects is pretty low from what I have seen, but with a large free and clear piece of collateral I am sure you can convince someone to lend you money on reasonable terms.

But I think interest rates will increase at least moderately and that will suppress prices somewhat.

It should make financial sense to both parties involved of course, but you do want the most you can get out of it as a good negotiator.Start with a straight interest rate and see how wet the appetite is for the other party.

I guess I would ask what your appetite is for rehab and also what your plan is for management?

Make certain your offer is conditional on not just a building inspection, but verification of the presence or not of these contaminants.If you find some of the above, it does not automatically mean walk away (pending your appetite for deep retrofits), but you need to account for it in the offer you put forward.4) Cash-flow: Initial test: get ahold of the building expenses for the past 2-3 years.

If you don't have the appetite for risk a value-add strategy entails, dividing your current capital into down payments for turn-key properties will also work, but there is the drawback of equity being left in the deal while you save for the next one.

Typical turnkey companies are buying homes of suppressed value, adding value, and then selling them to the end user at a higher price as a stabilized rental. 

That being said everyone has different goals and appetite for risk.

A lot of properties on the eastside have non-permitted second units that you can either continue to rent without the permits (depending on your appetite for this) or get permitted as an ADU.Speaking of renters, you should only be considering properties with a vacancy right now.